MAG Silver Corp.

MAG Silver Corp. is focused on advancing two significant projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the silver mining industry. Currently, we are advancing the underground decline towards the high grade Valdecañas and Juanicipio silver vein discoveries in Zacatecas State, all within the joint venture between MAG Silver (44%) and Fresnillo PLC (56%). In addition, we are negotiating surface access in order to further delineate our district scale, 100% owned Cinco de Mayo property in Chihuahua state, where two new silver, lead, zinc discoveries are opening up further growth opportunities for MAG Silver Corp.

Expert Comments:

Trevor Turnbull, Scotia Capital (5/19/15)
"MAG Silver Corp. finished Q1/15 with more than $80M in cash, and we believe the company is well funded to meet its joint venture commitments on the Juanicipio project over the medium term. Development on the Juanicipio decline has surpassed 1,200m, which demonstrates a significant advance on the 930m that we saw on the site tour in mid-February."

Heiko Ihle, H.C. Wainwright & Co. (5/18/15)
"MAG Silver Corp. announced Q1/15 results. . .a net loss of $2.5M, or $0.04 per share compared with a Q1/14 net loss of $0.02 per share. . .the increase in net loss is primarily attributable to foreign exchange fluctuations. . .the company exited the quarter with $83.2M cash, which we believe is sufficient to fund the planned development work at Juanicipio for the foreseeable future. . .development work, including ramp advancement and the building of underground infrastructure at Juanicipio, remains on-track at an increasingly rapid pace. . .exploratory drill results continue to impress. . .indicating the potential discovery of a new, deeper zone."

"MAG Silver Corp. isn't getting the attention it deserves. It has one of the best undeveloped silver deposits in the world, Juanicipio, a JV with Fresnillo, which is adjacent to Fresnillo's flagship mine in Zacatecas. This will be extremely cash-flow generative with an AISC of about $5/oz. MAG Silver has a great exploration team. Peter Megaw is one of the best geologists around, and he has discovered another silver deposit in Mexico called Cinco de Mayo, which I think will be the company's second mine. MAG Silver is trading at a big discount relative to just its Juanicipio deposit, so once its permitting problems at Cinco are sorted, shareholders will be getting that for free." read more >

Wayne Hewgill, Mackie Research Capital (4/27/15)
"Mag Silver Corp., in a joint venture with Fresnillo Plc, announced the extension of the Valdecañas vein to depth with the widest mineralized interval to date on the project. . .it is also significant to note the first presence of copper in the vein system. The company believes that along with the presence of skarn-style alteration that this may indicate proximity to an ore fluid upwelling zone presenting a new exploration target."

Trevor Turnbull, Scotia Capital (4/24/15)
"MAG Silver Corp. reported very high-grade gold (4.7 oz/t or 162 g/t) and silver (800 oz/t or 27.4 kg/t) intercepts from below its Deep zone. . .the latest intercepts also include significantly wider zones. . .if continuous, the larger intercepts could add significantly to the resources of the Valdecañas vein."

Heiko Ihle, H.C. Wainwright & Co. (4/24/15)
"On April 23, 2015, MAG Silver Corp. announced exceptional drill results from its 44%-owned Juanicipio project. . .we highlight that the new zone appears to be an extension of the Valdecañas vein and remains open at depth. In short, we believe these drill results indicate the possibility for an overall increase in the resource base at Juanicipio."

More Expert Comments

Experts Commenting on This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Michael Gray, Analyst – Macquarie Capital Markets
Frank Holmes, Chairman – U.S. Global Investors
Heiko Ihle, Managing Director – H.C. Wainwright & Co.
Andrew Kaip, Analyst – BMO Capital Markets
Philip Ker, Mining Analyst – PI Financial
Douglass Loud, Executive Director – Greystone Asset Management, LLC.
Kevin MacKenzie, Analyst – Salman Partners
Chris Mancini, Research Analyst – Gabelli Gold Fund
Jeffrey Mosseri, President – Greystone Asset Management, LLC.
Shane Nagle, Analyst – National Bank Financial
Björn Paffrath, Director – Stabilitas-Fonds
Lawrence Roulston, Owner – Metallica Development Fund Ltd., Quintana Resources Capital ULC
David Sadowski, Analyst – Raymond James
Chris Thompson, Mining Analyst – Raymond James
Trevor Turnbull, Analyst – Scotia Capital
Jeff Wright, Managing Director, Senior Research Analyst – H.C. Wainwright & Co.

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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